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December bill pay calendar with income, expenses, and bill due dates, highlighting key financial entries and paycheck balances.

Bill pay calendar for December showing income, expenses, and bill due dates with highlighted entries and paycheck balance totals.

Bill pay calendar for December showing income, expenses, and bill due dates with highlighted entries and paycheck balance totals.

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Show Answer Key & Explanations Step-by-step solution for: Yearly Budget Spreadsheet Version, 45% OFF
Looking at the bill pay calendar, I need to find the total amount of money that will be available in the paycheck balance after all bills are paid for December.

Let me trace through the calendar step by step:

1. Starting balance: $440 (shown in the first paycheck balance circle)

2. First paycheck comes in on 12/4: $2000
- New balance: $440 + $2000 = $2440

3. Bills paid from first paycheck:
- Rent: $1200 (paid 12/2)
- Grocery: $100, Gas: $20, Eating Out: $20 (paid 12/8)
- Insurance: $100 (paid 12/9)
- Electric: $120 (paid 12/11)
- Water: $80 (paid 12/5)
- Cell: $80 (paid 12/7)

Total bills from first paycheck: $1200 + $100 + $20 + $20 + $100 + $120 + $80 + $80 = $1720

4. Balance after first paycheck bills: $2440 - $1720 = $720

5. Second paycheck comes in on 12/18: $2000
- New balance: $720 + $2000 = $2720

6. Bills paid from second paycheck:
- Car: $150 (paid 12/16)
- Trash/Sewer: $45 (paid 12/18)
- Grocery: $100, Gas: $20, Eating Out: $20 (paid 12/22)
- Debt 1: $80 (paid 12/28)

Total bills from second paycheck: $150 + $45 + $100 + $20 + $20 + $80 = $415

7. Final balance: $2720 - $415 = $2305

Wait, let me check the calendar again. The red circles show:
- First paycheck balance: $440
- Second paycheck balance: $810
- Third paycheck balance: $1535

The question asks for the final paycheck balance after all bills are paid. Looking at the bottom right corner, the last paycheck balance shown is $1535.

Let me verify this calculation:
- Start: $440
- Add first paycheck ($2000): $2440
- Subtract first set of bills ($1720): $720
- Add second paycheck ($2000): $2720
- Subtract second set of bills ($415): $2305

Hmm, there's a discrepancy. Let me look more carefully at the calendar.

Actually, looking at the "PAYCHECK BALANCE" column on the right side:
- After first paycheck and bills: $440 (this seems to be the starting balance)
- After second paycheck and bills: $810
- After third paycheck and bills: $1535

The final answer shown on the calendar is $1535.

Final Answer: 1535
Parent Tip: Review the logic above to help your child master the concept of free printable budget calendars.
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